INVENTORIES

12 Months Ended

Jun. 30, 2022

Inventories consist of the following (in thousands):


	6/30/2022		6/30/2021
Raw materials and supplies	$	35,752	$	29,271
Goods in process and finished parts	22,268		16,096
Finished goods	35,589		37,344
	93,609		82,711
LIFO reserve	(26,709)		(22,139)
	$	66,900	$	60,572

Of the Company’s $66.9 million and $60.6 million total inventory at June 30, 2022 and 2021, respectively, the $26.7 million and $22.1 million LIFO reserves belong to the U.S. Precision Tools and Saws Manufacturing “Core U.S.” business. The Core U.S. business had total Inventory, on a FIFO basis, of $39.3 million and $12.6 million on a LIFO basis as of June 30, 2022. The Core U.S. business total inventory was $27.8 million on a FIFO basis and $5.7 million on a LIFO basis at June 30, 2021. The use of LIFO, as compared to FIFO, resulted in a $4.6 million decrease in cost of sales for the goods sold in fiscal 2022 compared to a $2.4 million decrease in fiscal 2021.